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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29650531
29650532

513 FM359, Richmond, TX 77406 For Sale

RF
TX331312
$1,750,000
163 days on market
Updated 23 days ago

RoseHill Senior Living

Details
Property Type Senior Living
Sub Type hospitality
Square Footage 4,575
Beds 10
Cap Rate 14.29%
NOI $250,000
Occupancy 100%
Price per SqFt $383
Broker Co-Op Yes
Class C
Year Built 1981
Year Renovated 2014
Buildings 1
Stories 1
Acreage 2.367
Investment Type Stabilized
Ownership KMO retirement Homes LLC

Senior Living | 14.29% CAP | 4,575 SqFt

Marketing description

RoseHill Senior Living offers a boutique environment and is located in Fort Bend County, Texas, one of the fastest growing regions in the United States. Fort Bend County is a premier target for senior living investors due to its high median household income and a rapidly aging "Silver Tsunami" demographic that can afford private pay services. The facility is a residential conversion creating a more intimate, or home-like setting for its residents, which is unlike large scale corporate facilities. It is licensed for 10 beds which often allows for a much higher staff-to-resident ratio and more individualized care. Passionate involvement by ownership and staff has ensured a personal commitment to quality that corporate chains often lack. Starting rates are positioned competitively against larger corporate chains making it more resilient to economic downturn. The facility maintains high scores for staff friendliness and care services, which can reduce marketing costs with organic referrals becoming a lead source.

Listing Contacts

RF
TX331312

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$250,000.00
$20,833.33/mo

Valuation Metrics

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DSCR
14.29%
Cap Rate
14.29%
ROI

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